Stephens Inc. AR Boosts Stock Holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Stephens Inc. AR grew its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,805 shares of the company’s stock after buying an additional 1,440 shares during the period. Stephens Inc. AR’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,164,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth about $81,740,000. MML Investors Services LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter worth approximately $5,092,000. Janney Montgomery Scott LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter worth $2,180,000. Private Advisor Group LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF by 168.8% in the third quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock worth $3,245,000 after acquiring an additional 77,611 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at $1,943,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.2 %

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.09 on Thursday. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.54 and a twelve month high of $26.34. The company has a fifty day moving average price of $26.05 and a 200 day moving average price of $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.0505 dividend. The ex-dividend date was Friday, January 31st.

Capital Group Short Duration Municipal Income ETF Profile

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year.